SINGAPORE, March 26 - Olam International fell as much as 11.9 percent to S$2.00 with 3.4 million shares traded after a downgrade by Merrill Lynch triggered a selloff.
“The Merrill Lynch note not only downgraded the stock, but also gave a price target below its current trading price. Basically traders are just dumping Olam’s shares,” a [...]
Chinese-based Synear Food Holdings fell as much as 10.7 percent to S$0.375 with 9.7 million shares traded a day after the firm issued a profit guidance for its 2008 first-quarter earnings, dealers said. The frozen foods company said that a recent snowstorm in China was expected to cut its sales in the first quarter by [...]
My views: The debt rating works similarly to bond rating. The initial ratings can be changed from time to time, so buying a good rated bonds will not always stay that way and it will be downgraded when things don’t look good. I wonder if the ratings is useful in the first place or not. [...]
My views: What a speculative stock for scalpers and punters! Overall oil palm is still attractive in view of the ’scarcity of crude’ and rising oil price.
SINGAPORE, March 14 - Shares of Indonesian palm oil producer First Resources soared as much as 23.2 percent to S$1.17 with almost 14 million traded, after Indonesia’s anti-graft body [...]
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